METRO MINING LIMITED (ASX:MMI) - 2024 Production Progress, 75156339, page-429 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Australia's largest stock trading and investment forum Australia's #1 stock forum

MMI

Click for more information

8.00%

5.4¢ metro mining limited

First 429 Last

Share
Profile

Follow
UberTrader

1,229 Posts.

127

11/08/24

07:40

Post #: 75156339
Share

Originally posted by Arrow666: ↑

As highlighted, A gone yesterday. As most of you know if you've followed over the years, I don't like to go to hours in the shipping schedule, but with A I think its worth noting that it left at 10am in the morning, so the 9 days is really a bit better than that (more like 8.5 days). Its also the quickest loading of a Capesize that I've seen in 3 years with MMI. Good signs. Sunrise due to arrive at 11pm tonight.

In terms of the quarterly result, the new tug comes at the end of August which will facilitate more barge movements and greater loading rates. Based on the current results, I think 4 more ships could get filled in the Sept quarter on top of the ZNS and S currently on the list. This would give a 2m quarter, but only just. Would also need 2.5m in the Dec quarter to then hit the low end of guidance.

All achievable but needing things to go right from here in terms of weather and loading.

Q3 will be a profitable one (Shaws noted $45m EBITDA at 2.4m of production and $19 margin) and I'm expecting something along the lines of 2m at $15 margin so $30m. Good numbers for a quarter and with our market cap of circa $230m.

Expand

MMI Price at posting: 3.8¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

NSM

North Stawell Minerals set to raise $1.3M in capital raising for exploration in Victoria

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SGR

Thousands eye Star on HotCopper, SkyCity in strife – are ASX casino stocks safe anymore?

CRI

Critica unveils fresh REE hits near Jupiter play in WA – and 5 new prospects

THB

Thunderbird picks up plethora of uranium targets based on EM survey in Canada

There are more pages in this discussion • 226 more messages in this thread...

First 429 Last

Add MMI (ASX) to my watchlist

(20min delay)
Last 5.4¢		Change 0.004(8.00%)		Mkt cap ! $321.5M

Open	High	Low	Value	Volume
5.2¢	5.9¢	5.2¢	$4.126M	75.79M

Buyers (Bids)

No.	Vol.	Price($)
13	1561673	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	447282	4

View Market Depth

No.	Vol.	Price($)
13	1561673	0.052
8	1625356	0.051
17	1940740	0.050
5	693822	0.049
5	890833	0.048

Price($)	Vol.	No.
0.054	447282	4
0.055	595146	6
0.057	1050000	2
0.058	2184509	7
0.059	4158483	15

Last trade - 16.10pm 17/10/2024 (20 minute delay)

MMI (ASX) Chart

SPONSORED BY